The Little (Broke) Old Lady that Lived in a Shoe

My wife was watching an episode of “Sex in the City” last night where the main character, Carrie Bradshaw, needed to come up with thousands of dollars to buy an apartment.

As she bemoaned her financial woes, her friend made a good point. If she hadn’t been buying $400 shoes she might have the money for the apartment. As a matter of fact, her friend wanted to know how many $400 pairs of shoes did Carrie have in her closet?

As Carrie admitted to 100 pairs of shoes, some quick math revealed the money she’d spent on the shoes sitting in her closet would actually have paid for the apartment itself! The truth hurts, as Carrie says, “I may really end up as the old lady that lived in a shoe”!

I know, I know, it’s just television. But there are many of us that have a similar problem. It may not be as extreme, but whether its shoes, gadgets, or furniture does it make sense to buy all this stuff?

Next time you’re tempted to buy another, whatever, that you don’t need, think of Carrie Bradshaw and her Manhattan apartment overflowing with shoes that could pay the mortgage.

Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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